Who can become a guarantor for a loan
If you have been a depositor of Otbasy Bank for more than three years, you can get a loan without collateral, under the guarantee of an individual.
Otbasy Bank issues loans under the guarantee of an individual for the following purposes:
The guarantor for the loan can be
Citizens of the Republic of Kazakhstan
from 18 to 64,5 years (no more than 70 years at the end of the loan term)
with monthly confirmed income for the last 6-12 months
Let's look at the calculation of points using an example
Otbasy Bank accepts the following types of permanent income as the guarantor’s average monthly income:
- Income of employees for the last 6 months
- Income of military personnel and employees of special units of state and law enforcement agencies
- Income of entrepreneurs over the last 12 months
- Scholarships for employees of organizations studying in educational institutions
- Pension
- Housing payments
- Bank Consultants Remuneration
- Environmental payments reflected in the salary certificate
- State lifelong payments/maintenance provided by the legislation of the Republic of Kazakhstan for various categories of citizens
The following are not accepted as average monthly income:
lump sum benefits
lump sum compensation from insurance companies
one-time compensations and payments from the State
If the guarantor of the loan is both an employee and an entrepreneur, and his income as an employee is sufficient to provide the loan, then confirmation of income as an entrepreneur is not required.
If, according to the law of the Republic of Kazakhstan, the guarantor is exempt from paying mandatory pension contributions, then the absence of pension contributions is allowed when applying for a housing loan.
For citizens of the Republic of Kazakhstan working outside of Kazakhstan, or in representative offices of international organizations operating in Kazakhstan, the average monthly income is calculated on the basis of a salary certificate.
For teachers, the average monthly income is taken into account both without taking into account vacation (for the last 6 months ) and with it (for the last 12 months).
Credit history requirements
No outstanding debts to banks and financial institutions in the amount of more than 1000 tenge
No outstanding educational loans issued by JSC "Financial Center", no debt to a collection agency or pawnshop
Compliance with one of the conditions
- If in the last 12 months before applying for a loan from the Housing Construction Savings Bank the maximum number of overdue days on one of the loans is no more than 90 days
- If the overdue debt was repaid 3 months prior to the month of filing the loan application, regardless of the number of overdue days
In all other cases, the credit history of the borrower, co-borrower or guarantor is considered negative.
List of documents for the guarantor
For individuals
- Loan Application (Credit Application)
- Guarantor's Questionnaire
- Copies of the identity card of the guarantor and spouse
- If the guarantor is or was married - a copy of the marriage certificate or its dissolution
- Consent of the subject of the credit history to provide information about him to credit bureaus and to issue a credit report to the recipient of the guarantor's credit report
- State Corporation Guarantor Report
- Statement of the guarantor on granting the Bank the right to receive information from the State Corporation on the status of pension savings
- Certificate of salary of the guarantor (in the absence of pension payments and does not apply to entrepreneurs)
For individual entrepreneurs
- Income of entrepreneurs: Electronic statement from the entrepreneur's account, generated in his personal account of the STB/received from the STB in " pdf " format
- Income of private notaries, lawyers, mediators and private bailiffs:
• license for the type of activity, with the exception of mediators;
• a copy of the tax report with notification of acceptance, for the last 12 months of the last reporting period (form 200 and form 240).
